When people think about the decisions many celebrities make, we often regard them as good examples of what not to do. Some celebrities seem to assume that they have so much money that they can afford to be financially careless.
In reality, high income people can lose just as much - if not more - as average, working Americans. So what celebrities can we regard as good role models? The newly-engaged Kim Kardashian seems to be taking the appropriate steps to protect herself from a financial downfall if she and Kris Humphries divorce.
Kardashian and Humphries both bring a considerable amount of assets to the upcoming marriage, so they're signing a prenuptial agreement to help protect those assets. According to TMZ, Kardashian told friends that signing a prenuptial agreement is "the smart thing to do." She couldn't be more correct.
Kardashian is worth an estimated $35 million. The prenuptial agreement can help ensure she maintains her personal assets as well as her business assets if things don't work out with Humphries.
Humphries also has money he is interested in protecting. As a professional basketball player, Humphries brings in about $3.2 million each season, and he comes from a family with money. His family owns a chain of Five Guys Burgers and Fries restaurants in the Midwest, and those have an approximate value of $8 million. The prenuptial agreement can help ensure Kardashian doesn't go after his share of his family's businesses if they divorce.
The couple still has a few more details to work out before their wedding - like whether Kardashian will take Humphries' name - but it looks like the couple is on the right track so far.
Source: DenverPost.com, "People: Kardashian prenup to protect Humphries' millions, too," Lori Smith, 7 June 2011